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Miami Heat superstar LeBron James buys stake in Liverpool

NBA superstar LeBron James has taken a stake in Liverpool.

Miami Heat star James has become a minority stakeholder in the club after signing a deal with club owners Fenway Sports Group.

FSG and Liverpool chairman Tom Werner said in a statement: "We believe this will be a powerful collaboration between FSM and LRMR and LeBron. There are very few athletes who can match his global reach, appeal and iconic status.

"We are very excited that LeBron will be part of the Liverpool FC family. LeBron and Liverpool each has a powerful presence internationally, with particular strength in Asia, but we feel the business opportunities for both working and being identified together in emerging international markets will result in unforeseen opportunities that neither would have been able to realise alone."

James, 26, said: "I am thrilled to be working with John Henry and Tom Werner.

"These guys, like me, have a passion for sports. You can see the drive and commitment they have for their teams. For me, this is about being in business with an organisation that loves sports as much as I do."

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